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Apr 22, 2013
04/13
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is it the slowdown in the global economy? >> yeah. that's why you want to watch these multi industry companies. it's nerdy to talk about ingersoll rand. but they make the stuff out there behind the walls. they make all the things that keep these buildings going and systems operating. when they talk about things slowing, we don't know if they're going to, but we've heard about slowdowns globally. that's where you're going to see it first. >> ingersoll rand is also going to sidestep on the housing recovery. that could be a positive. >> a little bit. you're going to tear them talking about where things are overseas. what's good about these companies, a lot of earnings are overseas. >> global story then the consumer. coach out tomorrow. >> north america's the key. >> coach had an issue last quarter. >> the problem is north america. i think their sales growth was something on the order of 1% for them. that's going to be a problem. they also got a lot of -- of course, they're in the accessories business. there's a lot of competition there.
is it the slowdown in the global economy? >> yeah. that's why you want to watch these multi industry companies. it's nerdy to talk about ingersoll rand. but they make the stuff out there behind the walls. they make all the things that keep these buildings going and systems operating. when they talk about things slowing, we don't know if they're going to, but we've heard about slowdowns globally. that's where you're going to see it first. >> ingersoll rand is also going to sidestep...
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Apr 24, 2013
04/13
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dinner on the cutting edge of the sharing economy. it's the new economy. companies that are fast becoming household names. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. before the three- and four-star ratings... before local farmers and employees became secret ingredients... before rock star chefs were playing to packed houses every night... two restaurateurs sat down with our banker and transformed some chicago neighborhoods into culinary meccas. that's the power of connecting a vision into a recipe for success. that's bank of america. >> welcome back. the so-calls sharing economy. taking the country by storm. i shared a unique dinner with the men and women on the front line os f a technology movement
dinner on the cutting edge of the sharing economy. it's the new economy. companies that are fast becoming household names. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you...
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Apr 17, 2013
04/13
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this economy is getting better. i know the jobs number was horrendous, the gdp numbers are not that great. but realistically, you have central banks around the globe that are not going to let us go into an economic catastrophe. they will continue to pump money into the market. >> if you're willing to step into this market even more than you already have, how much of a decline are you willing to absorb in the meantime? >> 5%. this market would drop another 5%. and granted -- >> what if it does more than that? >> if it does, it does. and we'll re-evaluate. you will see an accelerated sell-off, though. this will happen very quickly. but realistically, though, if you look at the next two-thirds of this year, we're probably going to end up -- >> i agree, it's not alarming. we are back to where we were, about a week and a half ago in the stock market. we're about 3% below our highs. still, it is a little bit alarming that the stated aim of the federal reserve, to create some asset inflation isn't really working, at least
this economy is getting better. i know the jobs number was horrendous, the gdp numbers are not that great. but realistically, you have central banks around the globe that are not going to let us go into an economic catastrophe. they will continue to pump money into the market. >> if you're willing to step into this market even more than you already have, how much of a decline are you willing to absorb in the meantime? >> 5%. this market would drop another 5%. and granted -- >>...
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Apr 18, 2013
04/13
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the fed says, we absolutely need them to keep the economy going, and you need a stronger economy for your business. at the same time, your numbers show that with interest rates so low, it's really hard for you guys to make money in this environment. how do you feel about that? it's a double-edged sword, right? >> yeah, michelle, it is. so we actually make more money when rates are higher, so we'd like to see rates higher, particularly, a positive-sloping yield curve. you know, the fed has a strong view in consensus that rates need to stay low. i'm not generally in that camp. i think the early stages of qe were probably good. i think it's very debatable now whether it's doing any good or not. i personally think the economy trying to find its own natural structural, level of stabilization, and it's going to do that at its own pace, with or without qe. a lot of people disagree with that. but i think it's about confidence, not about how much qe we have. >> mr. king, appreciate your time, sir. thanks for joining us today. >> thank you very much. have a good day. >> great to have you on. >
the fed says, we absolutely need them to keep the economy going, and you need a stronger economy for your business. at the same time, your numbers show that with interest rates so low, it's really hard for you guys to make money in this environment. how do you feel about that? it's a double-edged sword, right? >> yeah, michelle, it is. so we actually make more money when rates are higher, so we'd like to see rates higher, particularly, a positive-sloping yield curve. you know, the fed has...
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Apr 16, 2013
04/13
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particularly with this anemic growth story for the economy. with the federal reserve still firmly in place providing stimulus and this market in a stage of fear, i would have to that buy on the dip mentality rules the day. we certainly saw an example of that once again today. have a great night, everybody, thank you so much for being with me. i will see you on friday in washington tomorrow with axel weber. "fast money" begins right now. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here's what "fast" is following tonight, yahoo and intel start their conference calls this hour. monitoring them for their quarterly results and trading it. fool's gold, the precious metal closing higher after falling 14% in the prior two sessions. is this a sign of a bottom? we get answers from the commodities king himself. and land grab, why the rising housing stocks may be deceiving
particularly with this anemic growth story for the economy. with the federal reserve still firmly in place providing stimulus and this market in a stage of fear, i would have to that buy on the dip mentality rules the day. we certainly saw an example of that once again today. have a great night, everybody, thank you so much for being with me. i will see you on friday in washington tomorrow with axel weber. "fast money" begins right now. >>> live from the nasdaq market site in...
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Apr 23, 2013
04/13
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i recognize, it's time to do unemployment and time for the economy. but would you expect the fed to start slowing down the stimulus this year? >> no. >> no? >> fed has said, unless unemployment is better than 6.5%, people have been speculating on the fed's pulling back since they started pulling forward. it seems to me the burden of proof must be on those who c contend that the fed is going to do less rather than more. and does it not appear that we have chiefed something like the kingdom of heaven. sovereign bond yields scraping all-time lows in spite of unprecedented central bank activity. why would they stop? it's perfect, yet improving. >> the perfect world. what about gold? i mean, what a -- you must have been just watching that screen, watching gold plummet a week ago. >> yes. >> and thinking, what is going on here. >> the last thing i said to you, the prior time, and you were gracias enough to have me on, gold stocks are really an interesting idea. >> totally lacked. >> but i'm still bullish. i think that gold is the alternative, is the way to
i recognize, it's time to do unemployment and time for the economy. but would you expect the fed to start slowing down the stimulus this year? >> no. >> no? >> fed has said, unless unemployment is better than 6.5%, people have been speculating on the fed's pulling back since they started pulling forward. it seems to me the burden of proof must be on those who c contend that the fed is going to do less rather than more. and does it not appear that we have chiefed something like...